The article examines the impact of soaring cement prices on home ownership in Nigeria, despite the country's abundant local raw materials. It notes that in May 2023, 100 bags of cement cost about N380,000, but by August 2026, the same quantity cost approximately N1.25 million, an increase of about 229 percent. In some areas, a 50-kilogram bag now trades between N13,000 and N15,000, compared to roughly N3,300-N3,500 in 2021. The piece highlights the paradox of rising prices amid manufacturers' bumper profits, making home ownership increasingly out of reach for millions of Nigerians.
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